Question - A full-time student in year 2 of the three-year Accounting program at George Brown has a grade point average of B+. A company approaches the student and offers him a full-time job with a starting salary of $28000 per year in Mississauga. The student lives in Toronto, but has access to a car.
(a) According to an economist, how does the student decide whether or not to accept the job?
(b) Can you think of any incentives (positive or negative) that might induce the student to change his/her mind? Explain.